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Ted News Ghana Blog of Thursday, 20 March 2025

Source: TEDDY VAVA GAWUGA

Ghana Gold Board Bill 2025 Submitted to Parliament for Review

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Parliament has received the Ghana Gold Board Bill 2025, a proposed legislation aimed at establishing a regulatory authority to oversee gold acquisition, distribution, and export in Ghana.

The bill seeks to strengthen foreign exchange reserves by improving gold trade management and ensuring greater transparency in transactions. It is also expected to formalize small-scale mining operations by enhancing traceability and boosting Ghana’s efforts to secure London Bullion Market Association (LBMA) certification.

Upon its introduction, First Deputy Speaker Bernard Ahiafor referred the bill to the Finance and Lands and Natural Resources Committees for further examination and recommendations.

“Honourable members, the Ghana Gold Board Bill 2025 is presented and read for the first time and accordingly referred to the Finance Committee for consideration and reports,” he announced.

The bill, if passed, will provide a structured framework for regulating gold trade, ensuring compliance, and maximizing the sector’s contribution to Ghana’s economy.